Articles tagged chevron

Chevron Corp. CEO Mike Wirth is calling out the Biden administration for taking cheap shots on the natural gas industry, urging that a directive be lifted that has deferred approvals of some U.S. LNG projects.

Hot weather, maintenance at power generation facilities and LNG production outages have combined to push Asian natural gas prices higher.

Petronas is working to restore operations at its massive Bintulu LNG complex in Malaysia after a power outage late last week. 

Global natural gas prices continued to climb on Monday amid hotter weather, supply constraints and increasing competition among buyers. 

Chevron Corp.’s domestic operations, particularly in the Permian Basin, performed “stronger than we had anticipated” in the first quarter, with improved cycle times and natural gas and oil output, CEO Mike Wirth said Friday.

While political opposition and market uncertainty continue to mount around the U.S. Department of Energy’s (DOE) pause of LNG export authorizations, Secretary of Energy Jennifer Granholm reassured energy leaders the action was a necessary, but temporary step to better policy making.

ExxonMobil is trying to put a stop to Chevron Corp. and its bid to enter the lucrative Guyanese offshore oil and natural gas patch.

Guyanese officials have played down any threats to foreign investment while talking up the possibility of developing the country’s natural gas resources.

Abu Dhabi National Oil Co. (Adnoc) and BP plc are creating a joint venture (JV) focused on Egyptian natural gas production as conflict in Israel and Palestine continues to pressure Eastern Mediterranean energy exports.

Chevron Corp. generated company-record natural gas and oil production in 2023, punctuating a broader U.S. industry trend. American gas and crude output both reached all-time highs last year and remained elevated early this year as exploration and production (E&P) companies were striving to meet mounting global demand, even amid soft near-term prices.